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Metlock, inc, reported net sales of $254,000, cost of goods sold of $152,400, operating expenses of $59,700, net income of $40,640, beginning total assets of

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Metlock, inc, reported net sales of $254,000, cost of goods sold of $152,400, operating expenses of $59,700, net income of $40,640, beginning total assets of $501,500, and ending total assets of $63,8,900. Calculate profit margin and gross profit rate. (Round answers to 1 decimal place, e.s. 10.2\%.) Profit margin Gross profit rate

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